Vanoeurn's Group

Vanoeurn, 33, is a mother of one son. For her, rice farming is her main source of family income. She has engaged in this business for 18 years. This current business has enabled her to earn about 33,900 KHR per day and saves her about 11,500 KHR per day.

In a group of five members, she is the leader. She and one of her co-borrowers are third-time borrowers, another two are fourth-time borrowers, and the remaining one is a second-time borrower with VisionFund (Kiva's partner). Each member in the group is seeking the same loan amount: 600,000 KHR each. Vanoeurn is going to use her portion to buy fertilizer for her farm. She hopes to earn more income from her high yield and maintain her living.

Additional Information

About VisionFund Cambodia

VisionFund Cambodia is a Christian organization and microfinance institution that provides small loans and other financial services to improve the lives of children, empower poor women and their families, and grow successful businesses. The organization works primarily in rural parts of Cambodia and has distinguished itself by targeting the very poor who require smaller loan sizes, regardless of religious beliefs, gender or ethnic background.

Kiva lenders’ funds will help the organization to expand into the northeastern provinces of the country, which have historically been underserved and difficult to reach with financial services.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.